US crypto stocks experienced a decline on the day after President Donald Trump's inauguration, despite the industry's expectations that he would take action on day one. Shares in crypto miner Riot Platforms, Mara Holdings, Terawulf Inc, and CleanSpark all experienced drops, while Coinbase dropped over 8.5% in the opening hour before recovering slightly. However, Bitcoin continued to climb towards its recent all-time high. Trump's pro-crypto campaign promises were notably absent from his outline of priorities on his first day in office, but his pardon of Silk Road founder Ross Ulbricht has given crypto advocates hope.
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Crypto Stocks Tumble After Trump's First Day in Office, Bitcoin Continues to Climb
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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US investors consider crypto less as risk-taking drops: FINRA study
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